'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Three stockmarket experts give their best picks for the New Year.
While companies have not launched too many products in rural areas of late, easy financing has helped push up demand.
There is no one way to describe the 12 months that have gone by since India reported its first Covid-positive case on January 30, 2020.
The change in ownership is expected to give a fresh lease of life to the company that has often been dragged by financial stress in its close to three-decade journey under the Khaitans, reports Ishita Ayan Dutt.
Top companies reported that despite most of them making staples and essential products, movement of raw material, goods and labour remained restricted, impacting sales.
In a circular dated May 20, Sebi had directed the listed companies to evaluate the impact of Covid-19 on their capital and financial resources, profitability, liquidity position, assets, and ability to service debt. Instead, companies have spoken about the number of plants, warehouses and distribution centres that have resumed operations; work-from-home and safety measures undertaken for employees; and the labour shortage they are facing.
Ramdev's company remains a dominant player in the naturals space, but products of rivals are also gaining popularity.
The surge in IT, auto and FMCG stocks were led by investors seeking safety against market volatility.
Data from market research agency Nielsen shows that 152 new players entered the hygiene market in March as the lockdown was implemented to contain the spread of the coronavirus disease. The trend is expected to continue, the agency says, as hygiene and health emerge as key themes.
FMCG stocks have underperformed the market, falling 2.2 per cent so far in 2014.
IT, pharma and FMCG stocks are the top performers in 2013.
Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
Blackstone, KKR, and Bain Capital, among others, are in the race for its general insurance arm, and Bandhan Bank, Bain, and Dabur Investments have shown interest for RCap's 51 per cent stake in the life insurance business.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
These consistent performers are expected to maintain momentum.
His remark comes hours after the government disclosed before the Supreme Court eight more names, including that of Pradip Burman, one of Dabur India promoters, a bullion trader and a Goa miner against whom it has started prosecution for allegedly stashing black money in foreign banks.
@015 may be a good year for FMCG firms.
The combined dividend payout by early-bird companies -- those that have declared their results for FY21 -- is up 8.9 per cent, lower than the 21.9 per cent rise in in FY20 but ahead of the underlying growth in India Inc business last year. Combined net sales of these early birds were down 1.8 per cent last financial year while net profit was up 27.3 per cent in FY21. Some top companies that have stepped up dividend payout in FY21 include Hindustan Unilever, Indus Towers, Tata Steel, Ultratech Cement, Larsen & Toubro, Dabur, Asian Paints, and UPL. In contrast, banks have skipped dividends under an RBI diktat while companies such as Marico, TCS, Maruti Suzuki, and Godrej Consumer are paying lower dividends for FY21.
Patanjali continues to take its peers head on.
The country's largest retailer Reliance Industries on Monday announced that it will enter the fast-moving consumer goods (FMCG) business this year as part of its expansion plan. Addressing the 45th AGM of Reliance Industries on Monday, Reliance Retail Ventures Ltd (RRVL) Director Isha Ambani said: "This year, we will launch our FMCG goods business". The objective of this business will be to develop and deliver products and solve every Indian's daily needs, with high-quality products at affordable pricing, she said while addressing Reliance Industries' annual general meeting.
The move is significant since it signals the growing importance of foods in Marico's overall strategy. It also comes six months after Marico stepped into honey, a Rs 1,500-crore category dominated by players such as Dabur.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
From fast food and athleisure to ACs, the demand for several non-discretionary items has spiked since May 17, when Lockdown 4.0 was extended till May 31.
Burman did not file the details of foreign account on the ground that he did not have its statements.
'It is a balanced and prudent Budget that sets the foundation for future growth in the economy.'
The six billion plastic straws sold with every small tetra pack of juice, milk, lassi, coffee and other drinks can be replaced by paper straws to protect the environment but it will have to be done in phases. That was the message of the presentation made by FMCG companies using small tetra packs last week by their body, the Action Alliance for Recycling Beverage Cartons. The association told the Environment Ministry that companies need 18 months from the ministry's deadline of July 1 - when the ban on the use of single plastics for straws, plates and spoons comes into effect - to make the transition.
Some analysts see more upside in FMCG stocks given the performance gap between the sector and the market.
As rural demand tapers, companies are back at the drawing board, firming up plans to beat the unexpected slowdown in sales.
Fast-moving consumer goods companies have begun assessing the impact of the rate structure declared on Thursday under the goods and services tax.
Earlier in the day, the Kendriya Police Kalyan Bhandar circulated an order stating that 1,026 products manufactured by firms such as Bajaj, Dabur, VIP industries, Eureka Forbes, Jaquar, HUL (foods) and Nestle India will not be sold at CAPF canteens anymore as they are not 'swadeshi' or are prepared from 'purely imported products'.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A clinical all-round display helped Delhi Waveriders thrash Uttar Pradesh Wizards 3-0 and maintain their supremacy in the Hero Hockey India League, at the Dhyan Chand Astroturf Stadium in Lucknow.
Former Australian player and coach Ric Charlesworth was today roped in as coach of the Mumbai franchise for the upcoming Hockey India League starting next year.
The new push is being driven primarily by over 170,000 villages where household income is over Rs 1 lakh a year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Analysts believe that investors should look at stocks that hit 52-week lows only if they have a dividend paying track record, are debt-free and have sound fundamentals.
Almost 40 per cent of a durable company's sales are achieved during the festival season
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
